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Today's layoffs

Discussion in 'Off Topic Threads' started by halfmile, Dec 19, 2012.

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  1. halfmile

    halfmile Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    15,643
    Location:
    Green Bay Wisconsin
    Today

    Last paycheck for these folks:

    The Field Museum Chicago IL - Some Layoffs Likely

    City College of San Francisco - 12+

    Brevard Schools FL - Budget Cuts May = up to 400
    Pfizer - 600

    The Umatilla Chemical Depot - 178+ in Feb

    KTVX/ABC 4 Salt Lake TV Station - Layoffs Reported

    Brooks Automation - 100

    SCA AB ( Sweden ) - 200

    Vedanta Resources ( India ) - Considers Layoffs

    ResCare Indianapolis Indiana - 117

    Liberty Medical Supplies - 250

    Update: Texas Instruments Inc ( France ) - 517

    Stay tuned for more recovery info.

    HM
     
  2. BT-100dc

    BT-100dc Active Member

    Joined:
    Nov 7, 2008
    Messages:
    1,487
    Almost impossible having approx. 350,000 first time filers per week and have any kind of a recovery. Unemployment numbers are a joke; you need to look at the Labor Participation rate and other statistical information in order to make some sense of all this. BT100dc
     
  3. stokinpls

    stokinpls Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    6,486
    My hometown has been property taxed into a slum. Every couple years they come up with a new way to revalue your home so they can collect more taxes. People just let everything slide (except the tavern owners). ;-)

    Bob Falfa
     
  4. bigdogtx

    bigdogtx Well-Known Member

    Joined:
    Aug 5, 2006
    Messages:
    10,650
    and yet more can kicking from DC,,,,,,look at the numbers after Christmas,,,,,,going to get ugly.......
     
  5. TinMan88

    TinMan88 TS Member

    Joined:
    Mar 5, 2007
    Messages:
    979
    Here's your hope 'n change:

    The High Price of Fed Dollar Depreciation
    November 13th, 2012


    Alessio de Longis
    Portfolio Manager

    On November 9, the Bureau of Labor Statistics released data for U.S. import prices showing a higher than expected increase of 0.5% for the month of October. While some of this increase was due to volatile fuel prices, I continue to see evidence that increases could potentially become a long-term trend. I believe this may spell trouble for U.S. consumers, as a depreciating dollar could drive up prices of imported goods, and therefore diminish purchasing power.

    This month, Richmond Federal Reserve Jeffrey Lacker became the latest to join the ranks when he said in an interview with Market News International that one of the objectives of Federal Open Market Committee’s (FOMC) latest round of quantitative easing was “designed in part to depreciate the dollar”. You may recall that at the end of September, within two days not one but two Federal Reserve Bank presidents discussed import price inflation and the exchange rate of the U.S. dollar, which signaled that the Fed was attempting to weaken the dollar to boost the economy and spur job creation at the expense of heightened inflationary risks.

    Lacker has been a vocal dissenter of the Fed’s quantitative easing actions for much of the year, so his cautionary words on inflation don’t exactly come as a surprise. However, he is the third Fed president in two months to allude to a dollar depreciation strategy. This is especially striking considering that the Fed normally refrains from making comments on currency—U.S. dollar policy is typically left to the U.S. Treasury.

    I am not the only one concerned; a number of foreign ministers have criticized quantitative easing in the U.S. as a tool to devalue the U.S. dollar. Many have said that this strategy will disrupt international capital flows and cause the currencies of developing nations to appreciate considerably. The criticism grew such that at an October seminar sponsored by the Bank of Japan and the International Monetary Fund, Fed Chairman Ben Bernanke delivered a speech in which he explicitly defended the actions of the FOMC, citing that monetary accommodation was appropriate when one aspect of the Fed’s dual mandate (maximum employment) was too high and the other (price stability) was well contained by low inflation. In my mind, his speech practically admitted to a dollar weakening strategy.

    Though Chairman Bernanke encouraged other nations to refrain from intervening in their currency markets, I believe that this will largely go unheeded. Instead, I believe that we will continue to see policy resistance to foreign exchange appreciation. As a result, I see this dollar depreciation scenario being a gradual one that happens against many currencies and in different phases for each rather than a sudden, sharp and generalized fall in the greenback. And I believe that increases in inflationary expectations and rising import prices for U.S. consumers could potentially follow. Given this, I continue to believe that now is a time for investors to consider ways of protecting their purchasing power.

    Your Dole-er made worth-less
     
  6. ntgr8

    ntgr8 Member

    Joined:
    Jan 29, 2010
    Messages:
    681
    Remember when you rob Peter to pay Paul, Paul doesn't complain.
     
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